Personal Loan in Pune

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Personal loan in Pune is offered to salaried individuals. A personal loan is an unsecured form of loan and offered by several banks and NBFCs in the city. After the capital of Maharashtra, Pune is now considered the second largest city of the state. It is also proclaimed as the cultural capital of Maharashtra. In terms of population, the city is 7th largest in the world. Administrative headquarters of the Pune district is in Pune city itself. Historically, in the 18th century, the city was known to be a political center of India, as it was the seat of Peshwas who were the ministers in Maratha Empire.

Personal Loan in Pune Details Updated on 20th November 2018

Loan Amount

Rs. 1 Lakh to 50 Lakhs

Loan Tenure

1 Year to 5 Years

Interest Rate

10.99% - 16.00%

Further, the city is also automobile and manufacturing hub of the state, and hence many educational/ research institutes have also been established in the city. The famous of these institutes are in the field of education, training, marine, IT, management, etc. If you are looking for personal loan Pune, you can trust loanbaba as your best personal loan provider in Pune.

The website offers EMI calculator and eligibility calculator for loans and allows you to compare personal loan interest rates in Pune from top NBFCs and banks such as Axis, ICICI, SBI etc. The Loanbaba.com will provide you all details about Personal loan Pune.

About Personal loan in Pune

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Personal loan doesn’t require any specific reason to apply for. It is most common loan in the industry and can be availed without disclosing the reason for the same. The purpose of loan can be educational expenses, marriage, renovation of house, medical expenditure, etc. Personal loans are processed very quickly and hence prove to be convenient to public. There are various lenders in the market and hence you can bargain for the interest rate and other eligibilities. The rate of interest charged by various banks is different. It depends upon your past track record, bank relation, credit score and income level.

Features of Pune Personal Loan

The interest rate remains fixed for the lifetime of the loan.

Prepayment of loan is possible, however this may be done subject to payment of certain charges in some cases.

Benefits of Taking Personal Loan in Pune

Why Apply for Personal Loan Pune on Loanbaba.com?

At Loanbaba, you can compare and apply for Personal loans online. You can check out several Personal loan schemes and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. We even offer you Personal Loan EMI calculator free-of-cost, through which you can understand the instalment to be paid every month.

You can also quickly apply for Personal Loan online on our website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Pune Personal Loan Interest Rates

The personal loan interest rate in Pune starts at as low as 10.99% and go up to 18% or more depending on the bank/NBFC you choose, your income profile, existing financial liabilities, eligibility factor, credit score, age, etc. On our website, you can compare interest rates offered on the loan across leading financial institutions and get the best offer.

How Do I Get a Personal Loan with the Lowest Interest Rate in Pune?

Here are some of the ways you can get lowest interest rate personal loans for yourself.

Maintain a clean record on repayments so that the financial institution readily offers you best interest rate on the loan.

Strive to keep your CIBIL score above 750, which is considered as a good credit score for personal loan.

Do not default on existing loans otherwise it will be difficult to get personal loan approval or lower rates.

Take benefit of seasonal offers by banks and NBFCs, specifically those that offer slashed interest rates.

Know if your employer has tie-up with banks for better rates.

Documentation for Pune Personal Loan in India

There are basic requirements of KYC documents of the borrower which include identity and address proofs along with passport size photographs.

Salary slips and bank statement (of account in which salary is being credited) for last 3 months are required for salaried class borrowers.

Audited financial statements (profit and loss account, balance sheet) for last 2 years, business continuity proof, office ownership proof and official address proof are required for self employed.

Personal Loan in Pune Eligibility Criteria

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Pune Personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Personal loan are discussed below:

Age of borrower should be between 21 and 60 years for salaried class and 25 to 65 years in case of self-employed.

Minimum monthly income of Rs. 15,000 is required in case of salaried employees. In case of self-employed, turnover should be between 15 to 40 lakhs with minimum PAT of Rs. 1 lakh for professionals and Rs. 2 lakh for proprietors.

Rate of interest of 12.99% to 15.50% is charged for salaried employees, whereas 12.99% to 20% for self-employed.

How to Apply for Personal Loan in Pune on Loanbaba?

You can apply forPersonal loan Pune with top banks and NBFCs Personal loan at Loanbaba.com.

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Personal Loan in Pune Review

Recently the bank in Pune approved Personal loan. They gave a good response and all terms and conditions were suited to my needs.

Nisha Khare

PuneNovember 17, 2018

Personal Loan

starstarstarstarstar13.0/5

Taking Personal loan in Pune through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Pune without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.

Kamlesh Delwadi

PuneNovember 16, 2018

Personal Loan

starstarstarstarstar13.0/5

This is first experience taking Personal loan in Pune process was on time. The bank followed up as well properly. There were no issues in getting the amount.

Geeta Jethwa

PuneNovember 15, 2018

Personal Loan

starstarstarstarstar12.0/5

I had applied my Personal loan in Pune. I was in dire need of funds and fortunately got the loan amount soon.